Tamil Nadu's Grand Festive Gift: CM Stalin Unlocks Rs 367.70 Crore Bonus for 2.6 Lakh PSU Workers!

In a heartwarming move just ahead of the festive season, Tamil Nadu Chief Minister M.K. Stalin has announced a significant 20 percent bonus and ex-gratia payment for over 2.6 lakh employees of Public Sector Undertakings (PSUs) across the state. This generous declaration, totaling an impressive Rs 367.70 crore, is set to bring immense cheer and financial relief to families gearing up for Diwali and the upcoming Pongal festivities.

The announcement underscores the state government's commitment to its workforce, recognizing their tireless contributions.

As per the Chief Minister's directive, employees of profit-making public sector undertakings will receive a 10 percent bonus along with an additional 10 percent ex-gratia payment, amounting to a total of 20 percent. This ensures that their hard work is duly rewarded with a substantial festive boost.

For those working in loss-making PSUs, the government has ensured they are not left behind.

These employees will be granted a 10 percent ex-gratia payment, a thoughtful gesture to acknowledge their dedication despite the financial challenges faced by their respective organizations. Furthermore, workers in statutory boards like the Tamil Nadu Electricity Board (TANGEDCO), Transport Corporations (TNSTC), and the Tamil Nadu Civil Supplies Corporation will also be eligible for a 20 percent bonus/ex-gratia, ensuring broad coverage across essential services.

The beneficiaries of this massive payout include a diverse range of public sector employees.

From contract and casual laborers in TANGEDCO who have completed 240 days of work in 2022-23 to daily wage employees in various government departments and those in cooperative milk producers' federations like Aavin, the net is cast wide. Even employees of the Tamil Nadu Housing Board and Slum Clearance Board, along with those in cooperative societies, will find their pockets a little fuller this festive season.

This year's allocation of Rs 367.70 crore marks a substantial investment in employee welfare, demonstrating the DMK government's proactive approach.

Last year, the state had disbursed Rs 322.24 crore as bonus and ex-gratia for 2.97 lakh PSU employees, indicating a consistent policy of supporting its workers during important cultural celebrations. The current announcement, with its expanded scope and significant financial outlay, is poised to inject fresh vigor into the festive spirit across Tamil Nadu, allowing thousands of families to celebrate with greater joy and less financial burden.